WANTED: women in chief executive positions

WANTED: women in chief executive positions

Although selected occupations have evolved for women since 2000, CEO positions have failed to advance.

Women face more barriers and struggle at work than men do.

However, despite years of gender inequality, the empowerment of women among businesses has been everyday more palpable among societies across the world.

Change in women’s participation in selected occupations since 2000. Image: U.S. Census

Since 2000, the U.S. Census Bureau started collected data regarding the evolution of women’s in the U.S. workforce and monitored female professions to determine how this could evolve in future years. Now, 18 years later, there is a clear path into learning how much these occupations have changed.

The professions of veterinarians, dentists, counter and rental clerks, photographers and pharmacists have been some of which have most added year-round female workers to their workforce from 2000 to 2016.

However, despite the infographic from U.S. Census Bureau highlights these professions as the ones who have most added female workers in recent years, there has been a minimum increase from 2000 to 2016 regarding women achieving chief executive positions in a company.

Companies turn away from women CEOs

In a different research conducted by McKinsey & Co. and Lean In, a survey taken from 132 companies employing more than 4.6 million people showed almost every new CEO that was hired in the duration of last year was a man.

McKinsey also reported that women held less than 30% of roles in senior management during 2017.

This comes to show that CEO occupation for female workers sadly stands out as the least evolved position in the ranking for the past 18 years despite that women earned more college degrees than men since 30 years ago.

According to the “Women in the Workplace” report, women are 18% less likely to be promoted than their male peers, causing that women remain significantly underrepresented in the corporate pipeline.

Healthcare, for example, stands out as the industry which most includes women into C-suite positions, while automotive and industrial manufacturing barely collects a 13% of female participation in C-suite levels.

Tech: An industry to work on

Like C-suite positions, tech industry has failed in putting women at the same level as their male colleagues.

CNBC reported that women are not only paid less than men but they are also underrepresented in the field as well.

Google, for example, stated that female workers make up just 31% of their overall workforce, and within that universe, only 20% have high positions inside the corporation.

PayScale reported that women make up for just 21% of executive level positions inside the tech industry.

15 percent of men think their gender will
make it harder for them to advance, and white men are almost 50
percent more likely than men of color to think this: “Women in the Workplace”.

On April 2017, The Atlantic shared a story on how Silicon Valley is spending millions on improving conditions for female workers but has found a tough time managing and attending this urgent matter.

In another Bloomberg story regarding how much women involve themselves in science degrees, it is stated that just 18% of undergraduate computer-science degrees go to American women, down 34% from the early 1980s, and this is why tech industry shows a notable gender imbalance, especially in Silicon Valley.

Despite job evolution, gender pay continues

Although there has been major changes in jobs and the ways women achieve them, pay disparity has still is a major issue.

According to the Senate Joint Economic Committee Democratic Staff report, a woman in the U.S. currently earns 79 cents for every dollar a man earns, while annual earnings for women rank over 10,500 dollars less than men.

Black and Hispanic women are most affected by the wage gap, especially when compared to white men.

Among senior adults, wage gaps are more noticeable, as women over 65 collectively earned 641 million dollars, while men over 65 earned 965 million, meaning female workers earn just 66% of what men made.

Sports is no exception, as female soccer players are obviously not being paid the same as Neymar at PSG or Cristiano Ronaldo at Real Madrid.

Brazilian Marta Vieira da Silva, who plays for Rosengard in Sweden, is the queen of soccer earnings as she receives $500,000 a month, Neymar, however surpasses the 3 million dollar-mark monthly.



About the Author:

Pablo Hernandez
Community Manager and Senior Reporter for CEO Magazine. Write to Pablo at pablo.hernandez@ceo-latam.com
error: Content is protected !!